ShortData.co.uk tracks all short positions in UK companies listed on the London stock exchange. All information shown on this site is for information purposes only. While every effort has been made to ensure the accuracy of the information shown, it should not be relied upon for any investment or trading decisions.
Country of Incorporation
Opinion: No Opinion
Posted: September 5, 2018
RNS Number : 7714Z
Anglo African Oil & Gas PLC
05 September 2018
Anglo African Oil & Gas PLC / Index: AIM / Epic: AAOG / Sector: Oil & Gas
ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')
Temporary suspension of drilling TLP-103 at Tilapia oil field
Anglo African Oil & Gas plc, an independent oil and gas developer, announces that the Company has been informed by its drilling contractor, SMP, that they have experienced a topside issue that has affected the rig. As a result, the Company has taken the decision to temporarily suspend drilling TLP-103 while a specialist review of the various solutions is undertaken. The Company is working to determine the optimum solution with a view to restricting any delay to a matter of weeks. A further announcement will be made in due course. In the meantime, the Company is putting in place contingencies which aim to recover the costs related to this and/or cover any cost overruns.